Denali Advisors LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Denali Advisors LLC reported 175 stock positions worth $365.4 million. Its top holding was Innoviva (INVA) at 2.0% of the portfolio, followed by Costamare (CMRE, 1.9%) and Enact (ACT, 1.9%). Compared with Q1 2024, it opened 29 new positions, sold out of 304, added to 95 and reduced 44. The biggest buy was Cno Financial (CNO, shares +725%) and the biggest sale Gulfport Energy (GPOR, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0001142941
- Portfolio Value
- $365.4M (Q2 2024)
- SEC Filing
- 0001398344-24-014246 ↗ filed Aug 9, 2024
Holdings Value
Holdings 175 stocks · $365.4M
| INVA Innoviva Inc. | 1.97% | 439,786 | $7.2M | Add +34.9% |
| CMRE Costamare Inc. | 1.94% | 430,495 | $7.1M | Reduce -4.4% |
| ACT Enact Holdings Inc. | 1.91% | 227,466 | $7.0M | Add +29.7% |
| JXN Jackson Financial Inc. Class A | 1.90% | 93,600 | $7.0M | Add +2.6% |
| FRME First Merchants Corp. | 1.86% | 204,177 | $6.8M | Add +39.5% |
| FFBC First Financial Bancorp | 1.84% | 302,700 | $6.7M | Add +41.0% |
| CCS Century Communities Inc. | 1.83% | 81,915 | $6.7M | Add +47.4% |
| NMRK Newmark Group Inc. Class A | 1.83% | 653,829 | $6.7M | Add +39.2% |
| SFNC Simmons First Natl Corp. Class A | 1.81% | 376,000 | $6.6M | Add +104.6% |
| NNI Nelnet Inc. Class A | 1.78% | 64,510 | $6.5M | Add +33.0% |
| PFSI Pennymac Financial Services | 1.76% | 67,800 | $6.4M | Add +63.0% |
| CNO Cno Financial Group Inc. | 1.75% | 231,000 | $6.4M | Add +725.0% |
| SLVM Sylvamo Corp. | 1.73% | 92,200 | $6.3M | Add +10.8% |
| IMKTA Ingles Markets Inc. Class A | 1.73% | 92,102 | $6.3M | Add +40.6% |
| RUSHA Rush Enterprises Inc. Class A | 1.70% | 148,785 | $6.2M | Add +43.0% |
| BXC Bluelinx Holdings Inc. | 1.70% | 66,835 | $6.2M | Add +53.9% |
| GEF Greif Inc. Class A | 1.66% | 105,513 | $6.1M | Add +36.5% |
| GOLDEN OCEAN GROUP LTD | 1.66% | 438,590 | $6.1M | Add +12.3% |
| FIZZ National Beverage Corp. | 1.61% | 115,100 | $5.9M | Add +36.0% |
| BKE The Buckle Inc. | 1.59% | 156,928 | $5.8M | Add +37.2% |
| DDS Dillards Inc. Class A | 1.57% | 13,009 | $5.7M | Add +31.1% |
| SRCE 1ST Source Corp. | 1.54% | 105,100 | $5.6M | Add +47.0% |
| CNXN PC Connection Inc. | 1.51% | 86,200 | $5.5M | Add +12.2% |
| WOR Worthington Enterprises Inc. | 1.45% | 111,800 | $5.3M | Add +38.0% |
| MBIN Merchants Bancorp | 1.43% | 129,224 | $5.2M | Add +58.9% |
| NTB Bank of N.T. Butterfield&son | 1.41% | 146,415 | $5.1M | Add +6.7% |
| GHC Graham Holdings Co. Class B | 1.40% | 7,300 | $5.1M | Add +25.8% |
| PBF PBF Energy Inc. Class A | 1.35% | 106,963 | $4.9M | Add +34.1% |
| MOV Movado Group Inc. | 1.32% | 193,800 | $4.8M | Add +101.0% |
| FOR Forestar Group Inc. | 1.24% | 141,727 | $4.5M | Add +7.9% |
| VCTR Victory Capital Holding - A | 1.24% | 94,728 | $4.5M | Reduce -28.2% |
| HPK Highpeak Energy Inc. | 1.23% | 319,800 | $4.5M | Add +80.2% |
| ALX Alexander's Inc. | 1.20% | 19,500 | $4.4M | Add +51.2% |
| FLNG Flex LNG Ltd. | 1.17% | 158,400 | $4.3M | Add +96.5% |
| CVI CVR Energy Inc. | 1.17% | 159,162 | $4.3M | Add +323.6% |
| GNW Genworth Financial Inc. | 1.14% | 690,700 | $4.2M | Add +30.3% |
| RYZ Ryerson Holding Corp. | 1.14% | 213,807 | $4.2M | Add +34.3% |
| SBOW Silverbow Resources Inc. | 1.07% | 103,600 | $3.9M | Add +155.2% |
| SD Sandridge Energy Inc. | 1.04% | 292,800 | $3.8M | Add +69.4% |
| HOPE Hope Bancorp Inc. | 1.03% | 350,400 | $3.8M | Add +17.7% |
| DFH Dream Finders Homes Inc. Class A | 0.99% | 140,409 | $3.6M | Add +27.9% |
| AAMI Acadian Asset Management Inc. filed as BRIGHTSPHERE INVT GROUP INC | 0.97% | 160,000 | $3.5M | Add +1.9% |
| WSFS WSFS Financial Corp. | 0.94% | 73,100 | $3.4M | New |
| SEM Select Medical Holdings Corp. | 0.93% | 97,342 | $3.4M | Reduce -22.4% |
| ULH Universal Logistics Holdings | 0.93% | 83,831 | $3.4M | Add +33.6% |
| PRDO Perdoceo Education Corp. | 0.89% | 151,200 | $3.2M | Reduce -8.2% |
| ARCH Arch Resources Inc. | 0.86% | 20,600 | $3.1M | Add +36.4% |
| SNEX Stonex Group Inc. | 0.86% | 41,500 | $3.1M | Add +1680.3% |
| BTU Peabody Energy Corp. | 0.84% | 138,447 | $3.1M | Add +22.3% |
| HOV Hovnanian Enterprises-A | 0.84% | 21,506 | $3.1M | Add +97.2% |
| HWC Hancock Whitney Corp. | 0.83% | 63,500 | $3.0M | New |
| HTLF Heartland Financial USA Inc. | 0.76% | 62,300 | $2.8M | Reduce -55.5% |
| SAH Sonic Automotive Inc. Class A | 0.72% | 48,100 | $2.6M | Add +31.1% |
| AMR Alpha Metallurgical Resource | 0.71% | 9,202 | $2.6M | New |
| SB Safe Bulkers Inc. | 0.67% | 418,300 | $2.4M | Add +316.6% |
| CUBI Customers Bancorp Inc. | 0.62% | 47,044 | $2.3M | Add +37.0% |
| AMCX AMC Global Media Inc. filed as AMC NETWORKS INC | 0.60% | 225,200 | $2.2M | Add +0.5% |
| AESI Atlas Energy Solutions Inc. | 0.59% | 107,835 | $2.1M | New |
| SWBI Smith & Wesson Brands Inc. | 0.56% | 143,520 | $2.1M | Reduce -12.6% |
| NAVI Navient Corp. | 0.56% | 141,300 | $2.1M | Reduce -50.1% |
| TWI Titan International Inc. | 0.56% | 276,887 | $2.1M | Add +582.0% |
| GTN Gray Media Inc. filed as GRAY TELEVISION INC | 0.51% | 357,019 | $1.9M | Add +27.5% |
| SIGA Siga Technologies Inc. | 0.50% | 239,100 | $1.8M | New |
| GIC Global Industrial Co. | 0.49% | 57,122 | $1.8M | Add +44.5% |
| DNOW Dnow Inc. | 0.49% | 130,100 | $1.8M | Add +40.4% |
| VTLE Vital Energy Inc. | 0.48% | 39,527 | $1.8M | Add +527.4% |
| TH Target Hospitality Corp. | 0.44% | 185,500 | $1.6M | Add +856.2% |
| GRBK Green Brick Partners Inc. | 0.43% | 27,400 | $1.6M | New |
| HTH Hilltop Holdings Inc. | 0.39% | 45,000 | $1.4M | New |
| VGR Vector Group Ltd. | 0.37% | 128,900 | $1.4M | Add +6.3% |
| BUSE First Busey Corp. | 0.37% | 55,400 | $1.3M | Add +58.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.36% | 3,200 | $1.3M | Add +10.3% |
| WMK Weis Markets Inc. filed as WEIS MKTS INC | 0.34% | 20,000 | $1.3M | Reduce -6.5% |
| OFG Ofg Bancorp | 0.34% | 32,900 | $1.2M | New |
| JPM JPMorgan Chase & Co. | 0.33% | 6,000 | $1.2M | Reduce -1.6% |
| REPX Riley Exploration Permian Inc. | 0.33% | 42,700 | $1.2M | Add +223.5% |
| AMKR Amkor Technology Inc. | 0.33% | 29,926 | $1.2M | Reduce -60.7% |
| SMP Standard Motor Prods | 0.32% | 41,800 | $1.2M | Add +48.2% |
| GOOGL Alphabet Inc. Class A | 0.31% | 6,200 | $1.1M | Reduce -12.7% |
| XOM Exxon Mobil Corp. | 0.31% | 9,800 | $1.1M | Reduce -3.0% |
| MATX Matson Inc. | 0.29% | 8,157 | $1.1M | Reduce -52.2% |
| CCSI Consensus Cloud Solution | 0.29% | 61,200 | $1.1M | New |
| RBCAA Republic Bancorp Inc. Class A | 0.29% | 19,600 | $1.1M | Reduce -35.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 26,100 | $1.0M | Reduce -5.1% |
| PFS Provident Financial Services | 0.27% | 69,500 | $997K | New |
| LGIH Lgi Homes Inc. | 0.27% | 11,100 | $993K | New |
| CRBG Corebridge Financial Inc. | 0.27% | 33,884 | $987K | Reduce -9.0% |
| USNA Usana Health Sciences Inc. | 0.26% | 21,300 | $964K | Reduce -13.8% |
| PFC Premier Financial Corp. | 0.26% | 46,600 | $953K | Add +41.2% |
| CVX Chevron Corp. | 0.26% | 6,000 | $939K | Reduce -1.6% |
| VZ Verizon Communications Inc. | 0.25% | 21,900 | $903K | Add +11.7% |
| PFE Pfizer Inc. | 0.24% | 31,600 | $884K | Add +8.2% |
| HPQ HP Inc. | 0.24% | 24,968 | $874K | Reduce -20.0% |
| LNG Cheniere Energy Inc. | 0.24% | 5,000 | $874K | Add +56.3% |
| PFG Principal Financial Group | 0.23% | 10,748 | $843K | Add +61.7% |
| LEN Lennar Corp. Class A | 0.23% | 5,626 | $843K | Add +3.7% |
| ACI Albertsons Cos Inc. Class A | 0.23% | 42,644 | $842K | Add +31.4% |
| QCRH QCR Holdings Inc. | 0.23% | 14,000 | $840K | Reduce -24.7% |
| KRO Kronos Worldwide Inc. | 0.23% | 66,700 | $837K | Reduce -17.4% |
| GM General Motors Co. | 0.23% | 18,000 | $836K | Reduce -0.6% |
Portfolio Sells Q1 2024 → Q2 2024
| GPOR Gulfport Energy Corp. | Reduce -95.5% | 0.07% | −1.61 |
| BFH Bread Financial Holdings Inc. | Reduce -88.3% | 0.17% | −1.10 |
| SASR Sandy Spring Bancorp Inc. | Sold out | 0.00% | −0.91 |
| NAVI Navient Corp. | Reduce -50.1% | 0.56% | −0.89 |
| ESGR Enstar Group Ltd. | Sold out | 0.00% | −0.84 |
| HTLF Heartland Financial USA Inc. | Reduce -55.5% | 0.76% | −0.69 |
| SHOE Shoe Station Group Inc. | Sold out | 0.00% | −0.59 |
| HVT Haverty Furniture | Reduce -62.4% | 0.15% | −0.42 |
| VCTR Victory Capital Holding - A | Reduce -28.2% | 1.24% | −0.41 |
| AMKR Amkor Technology Inc. | Reduce -60.7% | 0.33% | −0.40 |
| GEO The Geo Group Inc. | Sold out | 0.00% | −0.33 |
| GLNG Golar LNG Ltd. | Sold out | 0.00% | −0.31 |
| SWBI Smith & Wesson Brands Inc. | Reduce -12.6% | 0.56% | −0.28 |
| MATX Matson Inc. | Reduce -52.2% | 0.29% | −0.27 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.26 |
| INBK First Internet Bancorp | Sold out | 0.00% | −0.25 |
| MPX Marine Products Corp. | Sold out | 0.00% | −0.24 |
| THRY Thryv Holdings Inc. | Sold out | 0.00% | −0.23 |
| ATLC Atlanticus Holdings Corp. | Sold out | 0.00% | −0.23 |
| KRT Karat Packaging Inc. | Sold out | 0.00% | −0.22 |
| CPE Callon Petroleum Co. | Sold out | 0.00% | −0.22 |
| VLGEA Village Super Market Class A | Sold out | 0.00% | −0.21 |
| AMAL Amalgamated Financial Corp. | Sold out | 0.00% | −0.21 |
| JOUT Johnson Outdoors Inc. Class A | Reduce -27.7% | 0.21% | −0.20 |
| HSII Heidrick & Struggles Intl | Sold out | 0.00% | −0.19 |
| MBWM Mercantile Bank Corp. | Sold out | 0.00% | −0.19 |
| SEM Select Medical Holdings Corp. | Reduce -22.4% | 0.93% | −0.18 |
| LSEA Landsea Homes Corp. | Sold out | 0.00% | −0.17 |
| RBCAA Republic Bancorp Inc. Class A | Reduce -35.5% | 0.29% | −0.17 |
| RCKY Rocky Brands Inc. | Sold out | 0.00% | −0.17 |
| HBB Hamilton Beach Brand-A | Sold out | 0.00% | −0.16 |
| COO The Cooper Cos Inc. | Sold out | 0.00% | −0.16 |
| GES Guess? Inc. | Sold out | 0.00% | −0.15 |
| PLPC Preformed Line Products Co. | Sold out | 0.00% | −0.15 |
| SNA Snap-on Inc. | Sold out | 0.00% | −0.15 |
| NGVC Natural Grocers BY Vitamin C | Sold out | 0.00% | −0.15 |
| RCMT RCM Technologies Inc. | Sold out | 0.00% | −0.14 |
| CMT Core Molding Technologies Inc. | Sold out | 0.00% | −0.14 |
| EQBK Equity Bancshares Inc. Class A | Sold out | 0.00% | −0.14 |
| WSM Williams-Sonoma Inc. | Sold out | 0.00% | −0.13 |
| FF Futurefuel Corp. | Sold out | 0.00% | −0.13 |
| JILL J. Jill Inc. | Sold out | 0.00% | −0.13 |
| SMLR Semler Scientific Inc. | Sold out | 0.00% | −0.12 |
| IDT Idt Corp. Class B | Sold out | 0.00% | −0.12 |
| RELL Richardson Elec Ltd. | Sold out | 0.00% | −0.12 |
| DLHC DLH Holdings Corp. | Sold out | 0.00% | −0.12 |
| COF Capital One Financial Corp. | Reduce -61.0% | 0.06% | −0.12 |
| TZOO Travelzoo | Sold out | 0.00% | −0.12 |
| BFST Business First Bancshares | Sold out | 0.00% | −0.12 |
| GCBC Greene County Bancorp Inc. | Sold out | 0.00% | −0.12 |
Portfolio Buys Q1 2024 → Q2 2024
| CNO Cno Financial Group Inc. | Add +725.0% | 1.75% | +1.53 |
| WSFS WSFS Financial Corp. | New | 0.94% | +0.94 |
| HWC Hancock Whitney Corp. | New | 0.83% | +0.83 |
| SNEX Stonex Group Inc. | Add +1680.3% | 0.86% | +0.81 |
| CVI CVR Energy Inc. | Add +323.6% | 1.17% | +0.77 |
| SFNC Simmons First Natl Corp. Class A | Add +104.6% | 1.81% | +0.76 |
| AMR Alpha Metallurgical Resource | New | 0.71% | +0.71 |
| SBOW Silverbow Resources Inc. | Add +155.2% | 1.07% | +0.66 |
| PFSI Pennymac Financial Services | Add +63.0% | 1.76% | +0.64 |
| AESI Atlas Energy Solutions Inc. | New | 0.59% | +0.59 |
| FLNG Flex LNG Ltd. | Add +96.5% | 1.17% | +0.57 |
| MOV Movado Group Inc. | Add +101.0% | 1.32% | +0.53 |
| SB Safe Bulkers Inc. | Add +316.6% | 0.67% | +0.52 |
| INVA Innoviva Inc. | Add +34.9% | 1.97% | +0.51 |
| SIGA Siga Technologies Inc. | New | 0.50% | +0.50 |
| SRCE 1ST Source Corp. | Add +47.0% | 1.54% | +0.44 |
| FIZZ National Beverage Corp. | Add +36.0% | 1.61% | +0.43 |
| GRBK Green Brick Partners Inc. | New | 0.43% | +0.43 |
| NNI Nelnet Inc. Class A | Add +33.0% | 1.78% | +0.43 |
| FFBC First Financial Bancorp | Add +41.0% | 1.84% | +0.42 |
| TWI Titan International Inc. | Add +582.0% | 0.56% | +0.41 |
| HPK Highpeak Energy Inc. | Add +80.2% | 1.23% | +0.41 |
| MBIN Merchants Bancorp | Add +58.9% | 1.43% | +0.40 |
| VTLE Vital Energy Inc. | Add +527.4% | 0.48% | +0.39 |
| HTH Hilltop Holdings Inc. | New | 0.39% | +0.39 |
| TH Target Hospitality Corp. | Add +856.2% | 0.44% | +0.38 |
| ALX Alexander's Inc. | Add +51.2% | 1.20% | +0.38 |
| FRME First Merchants Corp. | Add +39.5% | 1.86% | +0.36 |
| OFG Ofg Bancorp | New | 0.34% | +0.34 |
| HOV Hovnanian Enterprises-A | Add +97.2% | 0.84% | +0.33 |
| ACT Enact Holdings Inc. | Add +29.7% | 1.91% | +0.30 |
| NMRK Newmark Group Inc. Class A | Add +39.2% | 1.83% | +0.30 |
| SD Sandridge Energy Inc. | Add +69.4% | 1.04% | +0.29 |
| CCSI Consensus Cloud Solution | New | 0.29% | +0.29 |
| PFS Provident Financial Services | New | 0.27% | +0.27 |
| LGIH Lgi Homes Inc. | New | 0.27% | +0.27 |
| CCS Century Communities Inc. | Add +47.4% | 1.83% | +0.25 |
| IMKTA Ingles Markets Inc. Class A | Add +40.6% | 1.73% | +0.25 |
| ULH Universal Logistics Holdings | Add +33.6% | 0.93% | +0.25 |
| BKE The Buckle Inc. | Add +37.2% | 1.59% | +0.23 |
| TGNA Tegna Inc. | Add +14041.9% | 0.22% | +0.22 |
| GRNT Granite Ridge Resources Inc. | New | 0.22% | +0.22 |
| BKU Bankunited Inc. | New | 0.22% | +0.22 |
| SLVM Sylvamo Corp. | Add +10.8% | 1.73% | +0.22 |
| REPX Riley Exploration Permian Inc. | Add +223.5% | 0.33% | +0.20 |
| PNC PNC Financial Services Group | New | 0.20% | +0.20 |
| DDS Dillards Inc. Class A | Add +31.1% | 1.57% | +0.19 |
| FG F&G Annuities & Life Inc. | Add +14687.8% | 0.18% | +0.18 |
| GOLDEN OCEAN GROUP LTD | Add +12.3% | 1.66% | +0.17 |
| CATY Cathay General Bancorp | Add +62195.8% | 0.15% | +0.15 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 318 | $993.0M | NVDA, GOOG, AAPL, MSFT, AMZN |
| Q1 2026 | 307 | $899.7M | NVDA, AAPL, GOOG, MSFT, AMZN |
| Q4 2025 | 321 | $901.0M | NVDA, MSFT, AAPL, GOOG, AMZN |
| Q3 2025 | 297 | $885.1M | NVDA, MSFT, AAPL, GOOG, AMZN |
| Q2 2025 | 288 | $960.1M | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 274 | $878.6M | MSFT, AAPL, NVDA, AMZN, META |
| Q4 2024 | 271 | $954.0M | MSFT, AAPL, NVDA, AMZN, GOOG |
| Q3 2024 | 271 | $930.7M | MSFT, NVDA, AAPL, AMZN, GOOG |
| Q2 2024 | 175 | $365.4M | INVA, CMRE, ACT, JXN, FRME |
| Q1 2024 | 450 | $339.6M | JXN, GPOR, BXC, VCTR, RUSHA |